Trump's Unlikely Suggestion of a Joint U.S.-Iran Shipping Tax

President Trump has floated the prospect of a “joint venture” with the Iranian leadership on administering a tax on ships passing through the Strait of Hormuz in a new peace deal for the region. Trump said both the US and Iran could jointly tax ships passing through the stretch of water, which is critical for around a fifth of global crude oil supplies, with negotiations developing at a fast pace following the announcement of a two-week ceasefire. He told ABC News that it would be a “beautiful thing” for the two countries…